Analytics

Yesterday Ethereum (ETHUSD) did lead the major cryptocurrencies lower. As noted here at the time, that was partly due to the fall back in the relative price of Ether versus BTC.

One of the impacts of the very impressive US stock market rebound yesterday was the jolt in the arm that gave to the price of Bitcoin.

Following on from earlier updates here, both Bitcoin and Ether have suffered further losses. Ether has now dropped below $2,200 and Bitcoin is flirting with new lows underneath 33,000.

The further drop back in the leading cryptocurrencies has now delivered some more downside for both BTC and Ether.

As noted here earlier today, Bitcoin managed to hold above 34k in weekend trading.

The crumble in the price of Ethereum last week was exasperated by the drop back in BTC, but more so because of the relative price between the two falling back substantially against Ether.

The further falls in Bitcoin extended close to 34k in weekend trading.

The price of Bitcoin and Ethereum has just now come under further selling pressure. Both have now fallen to fresh session lows.

Well, it is hardly a surprise given the noted slump in BTC since yesterday afternoon, but Ethereum (ETHUSD) has also taken it on the chin at the same time too.

Yesterday Bitcoin seemed to brush off the news from Russia; that the country was imposing further restrictions on the use of cryptocurrencies.